SoftGuide > Functions / Modules Designation > Outgoing payments

Outgoing payments

What is meant by Outgoing payments?

The term "outgoing payments" refers to the outflow of funds from a company or organization to settle liabilities. This includes all types of disbursements, such as payments to suppliers, salary payments, tax payments, and other financial obligations. Managing payment outflows is a central aspect of a company's financial management to ensure that all obligations are met on time and efficiently.

Typical software functions in the area of "outgoing payment":

  1. Automated Payment Processing: Software enables the automatic execution of payments according to predetermined schedules or incoming invoices.
  2. Invoice Management: Managing and linking invoices to the corresponding payment outflows to ensure that all liabilities are properly settled.
  3. Approval Workflow: Incorporation of approval processes before payments are executed to ensure control and traceability.
  4. Multi-Currency Payments: Support for payments in different currencies, considering current exchange rates.
  5. Reporting and Analysis: Creating reports and analyses of completed payments to monitor cash flow and liquidity.
  6. Integration with Accounting Systems: Seamless integration of payment outflow data into accounting software to ensure accurate financial reporting.

Examples of "outgoing payment":

  1. Supplier Payments: Transfers to settle invoices for delivered goods or services.
  2. Salary Payments: Monthly payroll disbursements to a company's employees.
  3. Tax Payments: Transfers to tax authorities to settle tax obligations.
  4. Rent Payments: Regular payments for rented office or warehouse spaces.
  5. Interest Payments: Payments of interest on loans or other financial liabilities.
  6. Dividend Payments: Distribution of dividends to shareholders.

 

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The function / module Outgoing payments belongs to:

Project management

Payment transactions

Software solutions with function or module Outgoing payments:

Modular software solution for canteen kitchens, school kitchens and meal delivery services
WINPACCS – software for development
WINPACCS – the integrated software solution for international aid organisations
ZEP
ZEP
 
 
 
 
 
 
Time Tracking for Projects & Employees
edoobox - Online booking system
edoobox is an online course, seminar and event booking system.
e.bootis-ERPII Suite
e.bootis-ERPII Suite
 
 
 
 
 
 
Future-oriented ERP software for trade, industry & services
v.Soft
v.Soft
 
 
 
 
 
 
ERP software for retailers and service providers
myPARM - Multi-project management software
Multi-project management and PPM software
projectfacts
projectfacts
 
 
 
 
 
 
One software for all business processes
unitop ERP Trade
 
 
 
 
 
 
The industry solution for wholesale and distance selling
Sta*Ware Business Navigator®
Project-oriented business software in one package - ERP-CRM-HRM-PMS-DMS-ECM-BA-BPM-QM
Show all 39 programs with Outgoing payments